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Feb 15, 2013
02/13
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we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole? >> i didn't get into the state exchange and have them tell us what to do out here. i also don't believe in the individual mandate. at the same time, we're also going to control ability to regulate insurance inside the state of ohio by our people. but, larry, i've got $13 billion of ohio tax dollars that i can get back here over the next seven years to cover working poor, people who earn $15,000 or less. as a ceo of a state, you just don't turn that money down. it's our money, we usually don't get anything back. in addition to that, the federa
we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole?...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that you know i think i think it's a false dilemma now i think it's to me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with the as you call the real economy but don't only focus on the real economy because if you don't fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would n
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy we are seeing that a lot of the times when things are really bad the stock market keeps growing you know and there's that you know i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with the as you call the real economy but don't only focus on the real economy because if you don't fix the financial system then you will have like a one month has only one leg and the other one is a wooden leg that is trailing behind you would need to work o
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in...
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Feb 14, 2013
02/13
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when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman pointed out that while we will have $1.5 trillion in cuts over the next 10 years as a result of the spending caps, there were other one-time spending measures, including the payroll tax cut, the biggest single item and that issue. there was agreement that given top economic times it was important to provide a payroll tax. we should have phased that out whether than having gone cold turkey. a big chunk had to do with lost revenue from a payroll tax cut that was supported by a great majority in this body. i think that our overall objective is to expand the economy, grow jobs, an
when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman...
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Feb 16, 2013
02/13
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when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit on the math. the chairman pointed out that while we will have 1.5 trillion dollars in cuts over the next 10 years as a result of the spending caps, there were other onetime spending measures. that includes a payroll tax cut which is probably the single biggest item in that. i think we should have faced that out rather than having gone cold turkey. the point is a big chunk of that number has to do with lost revenue from a payroll tax cut that was supported by the great majority in this body. as i said in my opening remarks, i think our overall objective in the short, medium, an
when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit...
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Feb 16, 2013
02/13
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FBC
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but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look badly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the time. what are you going to do after this report came out, social security, they decide we are going to do with the income tax and i will solve it right there. in other words, immediate knee-jerk response will raise taxes. >> welcome i think the question is how much government do you want and how will you pay for it. if you want to get rid of the federal government, just close it down and lay that down. >> that would be a major benefit and huge boon for the economy. >> before you redistribute all this and, through taxes, it has to be created. that is what free mar
but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look badly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the...
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Feb 20, 2013
02/13
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MSNBCW
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to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget surplus that bill clinton created by raising taxes eight years earlier. republicans knew they could then rack up massive deficits and never even consider fact for the two wars that george bush started. republicans knew they could do all that because they knew eventually the responsible party would come back into power and raise taxes. but how would republicanism work if the democrats never came back into power? if funding the government was actually up to republicans and only republicans? according to their theory, since all taxes are bad
to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget surplus that bill clinton...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that outdoor i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you called the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need t
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the...
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Feb 14, 2013
02/13
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last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay any income tax and so, i mean, the tax expenditure program for homeowners and for charitable donations, which are good tax expenditures, there's a lot of waste in it as well. i just want to -- i just want to you stipulate in your testimony here that in fact there is a lot of spending that is done through tax expenditure programs and it increases the income disparity. >> i think -- >> and regressive. >> i think many economists agree that tax expenditures are best thought of as government spending, even though they appear in the budget -- >> and they're regressive. are they regressive? >> we have work
last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay...
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Feb 15, 2013
02/13
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MSNBC
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tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd eventually go to zero or just low enough to pay for the defense department and nothing else. right? i mean, that's 21st century republicanism. or is it? if you want to see a world with no democrats, there's no better place to go than wyoming. the state's entire congressional delegation is republican. that's two senators and only one congressman. the governor of wyoming is a republican. the state senate has 26 republicans and 4 democrats. the state house has 52 republicans and 8 democrats. the state legislature is 85% republican in both bodies. governing in wyoming never requires the slightest consultation
tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd...
WHUT (Howard University Television)
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Feb 13, 2013
02/13
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>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to have to as david said raise revenue pretty substantiately and i think a good way to do that would be either a carbon tax and/or a progressive. we're a long way from that. if you think simpson-bowles is hard an added tax would be excruciating. you can't count anything out because the size of the problem. >> rose: thank you roger i know you have to leave. thank you very much for joining us from boston. there's a piece in the paper about the president in the "new york times." how he's different this time. tell me what is the, what's the conventional wisdom in washington as to whether the president's mine se
>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to...
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Feb 17, 2013
02/13
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taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax climate is 31st out of fifty states. that's mediocre at best. we are not even in the top half of all states. missouri is 16th. colorado is 18th. kansas is 26th. wyoming and south dakota are one and two. only iowa ranks lower at 42nd. while rankings are important, this is really about the next generation of nebraska's leaders -- our sons and daughters, and our grandchildren. how many of you have sons and daughters, grandchildren, brothers and sisters and other family members who no longer live in nebraska because t
taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax...
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Feb 14, 2013
02/13
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tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress and the president agreed and passed legislation to reduce by a small amount the growth of federal spending from $47 trillion to $45 trillion. the spending of the united states would increase approximately $8 trillion instead of $10 trillion. that would not damage american government. we certainly should be able to function as a nation with that kind of substantial increase in spending. and it's happening every day in cities and counties and states throughout america. they're dealing with far worse reduct
tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress...
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Feb 16, 2013
02/13
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there was a tax hike. payroll taxes went up. tax refunds are going to be late because of the whole issue of the fiscal cliff and so forth. how much trouble do you think we're going to have? >> i've been pleasantly surprised so far. i thought we were going to see a bigger hit from the payroll tax shift. the consumer's been very robust. we talked about that. you talked about that on this network a lot. i'm surprised. i'll be really interested to see if other retailers follow. and once we see the february numbers in, if there really is this kind of a downturn. but i don't think so. i think the consumer has been pretty robust. i think the jobs numbers are still looking pretty good. and i think we're going to be in okay shape. >> you know, it's interesting. greenspan was on the network today. maria bartiromo was interviewing him. morgan, let me just ask you. he said if the stock market holds up then a, the economy's going to hold up and, b, the consumer is going to hold up. now, i thought that was quite interesting. what's your take
there was a tax hike. payroll taxes went up. tax refunds are going to be late because of the whole issue of the fiscal cliff and so forth. how much trouble do you think we're going to have? >> i've been pleasantly surprised so far. i thought we were going to see a bigger hit from the payroll tax shift. the consumer's been very robust. we talked about that. you talked about that on this network a lot. i'm surprised. i'll be really interested to see if other retailers follow. and once we...
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Feb 14, 2013
02/13
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nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased dramatically is going to invest as much in the economy and continue with expansion plans that she had prior to that tax increase? >> i think, congressman, that the lady on the corner would find that people would come in with dry cleaning if they were the people who were working for the government or working in government contracts of the sort that would be increased by taking away the sequester. i'm not trying to play a game but that is the effect we have in mind. what businesses are most for their products. >> under that line of thinking, w
nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that you know i think i think it's a false dilemma now i think it's to me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would nee
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in...
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Feb 14, 2013
02/13
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i'm tax reform? >> -- untouchable? >> -- on tax reform? >> i was involved in the 1986 tax reform. i know how hard it is. i also know how important it is. you do not have to talk to many people to learn that the american people want tax reform. one is simpler tax code. they wanted to be easier to comply with taxes on an individual basis and know that it is fair and everyone is treated in a similar position. businesses want to go about their business without having to worry about complicated lawyer consultations. it is hard. the ways to do tax reform is to broaden the base and lower the rates. broadening the base means taking on a lot of very entrenched interests and lowering rates benefits everyone, but not concentrated with anyone individually. i think we can do it. it isn't working for -- i think we can do it. it is important. if there is a bipartisan consensus, there is an understanding how hard it is. i will try to get the job done. >> can you speak more about the base broadening? what areas do you think that we should focus on? you also mentioned that this robins and the lower
i'm tax reform? >> -- untouchable? >> -- on tax reform? >> i was involved in the 1986 tax reform. i know how hard it is. i also know how important it is. you do not have to talk to many people to learn that the american people want tax reform. one is simpler tax code. they wanted to be easier to comply with taxes on an individual basis and know that it is fair and everyone is treated in a similar position. businesses want to go about their business without having to worry...
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Feb 19, 2013
02/13
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FBC
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that's essentially a tax. we've got an economist who is warning of recession if gas prices keep going up. and the opening bell after a three-day weekend, 14,000 on the dow next. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> about one minute from now, i confidently predict into the dow industrial average will be at 14,000, where we start when we start trading. i've got a brief time before the market opens, david. and ask this question, will the gas price spike lead us into another recession. >> if it persists, the answer is yes, if it's quickly, the answer is no. stuart: and another question, do you expect this price spike to persist? >> yes, it's not over. we've got a refining capacity contraction in the u.s., it'
that's essentially a tax. we've got an economist who is warning of recession if gas prices keep going up. and the opening bell after a three-day weekend, 14,000 on the dow next. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places...
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Feb 13, 2013
02/13
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tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put middle class people to work. we want to help the middle class but we have had the obama formula. we have had the spending and the temporary tax rebates and we haven't had the growth. where is the goods on this where is the beef on this? >> when we have had what we had in 2008, i think we did pretty well from that. it is true. in order to build this country. you have to have a strong middle class. the top 1% makes 225 times as much as the bottom. i don't think we ought to raise taxes but we need to make sure t
tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to...
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Feb 18, 2013
02/13
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when he put the top rate of tax up to 50p, millionaires paid £7 billion less in tax. that is what happened under his plans. i will tell him what is going to happen in april: every single taxpayer in this country, all 24 million of them, will see a tax cut as we raise the personal allowance, and as we get close to our goal of being able to earn £10,000 without paying any income tax at all. of course, the biggest tax cut has been for those hard-working people on the minimum wage, going out to work day after day, who have seen their income tax bills cut in half. that is who we stand for, and that is who we are helping. >> no matter how much the right honorable gentleman blusters, he knows the truth. he has cut tax credits and raised vat, and people are worse off, not better off. does it not speak to how out of touch he is that last week he attended the tory party winter ball, auctioned off a portrait of himself for £100,000 and then declared, without a hint of irony, that the tories were, "no longer the party of privilege"? you couldn't make it up! let me put the quest
when he put the top rate of tax up to 50p, millionaires paid £7 billion less in tax. that is what happened under his plans. i will tell him what is going to happen in april: every single taxpayer in this country, all 24 million of them, will see a tax cut as we raise the personal allowance, and as we get close to our goal of being able to earn £10,000 without paying any income tax at all. of course, the biggest tax cut has been for those hard-working people on the minimum wage, going out to...
SFGTV: San Francisco Government Television
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Feb 14, 2013
02/13
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, sales tax, hotel tax will continue to be strong. aggregate discretionary revenues, a is up set of the revenues within the general fund and we have baseline requirements as identified in the charter. as you know, mta receives a significant amount of money from the general fund and with the additional good news, we will be depositing another $5.2 million to the mta in this year. additionally the library baseline will receive an additional 1.3 million, and the public education fund baseline will receive another 200,000. so, this is above and beyond the amount that was budgeted for each of these three areas. and then above and beyond that, mta receives a, an amount that's similar to the parking tax and, so, they will receive another 2.7 million. so, mta together will be receiving 7.9 million. it's the 5.2 for the baseline and the 2.7 in the parking tax. so, the total amounts that we need to deposit into these various base lines amount to $9-1/2 million in the current year. so, in part of the exercise and analysis we do for the six-month
, sales tax, hotel tax will continue to be strong. aggregate discretionary revenues, a is up set of the revenues within the general fund and we have baseline requirements as identified in the charter. as you know, mta receives a significant amount of money from the general fund and with the additional good news, we will be depositing another $5.2 million to the mta in this year. additionally the library baseline will receive an additional 1.3 million, and the public education fund baseline will...
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Feb 19, 2013
02/13
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FBC
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it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insurance premium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to four, you know, insurance premium hikes for the average family, $7,200 over two years. the $720. lou: an addition to all the other taxes. >> that's right. lou: this is a stunning stuff. >> it's a whopper. it runs counter to what the president is said. you are going to keep your health insurance as it is right now. you may save money and your health insurance. that's not the case. does not overseeing. lou: we are hard-pressed rather than to say what the president misrepresented got to find anything but he said that was correct as he sold obamacare to the american people. i honestly
it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insurance premium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to...
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Feb 21, 2013
02/13
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WBFF
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 3 president obama came into office in 2008 promising a new government. but.... átteirá... -3 definition of transsarenny...// versus... monsieur... roget's... -& definition... are... polar opposites...//. doug mckelwwy... looks at the evidencee.- pvidencce 3 in every administration, tte press wants transpaaency. the & white house wants effective messaging. ccnflicts arise. reporters ccused president &prragan of pretending not to pear their questions - nat: -33 "mr. president !!!.." &ptheyynnw llmentttte lack o access to president obama.nat: &p"did you meet tiger?" the white house has deffnded solo news confereeces.... president obama hhs giver 35 oofthose - president bush him pmmediate ppedecessor gave 19." in fact, presiden
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 3 president obama came into office in 2008 promising a new government. but.... átteirá... -3 definition of transsarenny...//...
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tax hikes are still the. nation's trying to get out of debt and while the super rich can feed to places that won't take such a hefty slice of their cash small business is left behind say livelihoods. he's a leading man of stage and screen however european heads of state will be hoping here are death by do doesn't become the leader of a tax exodus by the super rich francoise lands decision to push through a seventy five percent top rate of tax on those earning over one million euros saw the actor up sticks and head to russia europe has some of the highest rates of taxation in the world with many giving the lion's share of the things to the state of vermont feel the need can be a balancing act of course you want to run a successful business but if you make over a certain amount you find yourself paying out huge quantities of tax over fifty percent. there are warnings for europe that when compared to low tax countries like russia they could lose their competitive edge if their country with low taxes and with hig
tax hikes are still the. nation's trying to get out of debt and while the super rich can feed to places that won't take such a hefty slice of their cash small business is left behind say livelihoods. he's a leading man of stage and screen however european heads of state will be hoping here are death by do doesn't become the leader of a tax exodus by the super rich francoise lands decision to push through a seventy five percent top rate of tax on those earning over one million euros saw the...
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they could lose their competitive edge if their country was low taxes and cut with a high taxes capital flow well to country with low taxes in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff that's where not only can his was our current he would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system. those in power argue that the problem in european countries right now is that taxpayers want to have
they could lose their competitive edge if their country was low taxes and cut with a high taxes capital flow well to country with low taxes in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big...
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competitive edge if their country with low taxes and with high taxes capital flow went to countries that low tax in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business very hard to owns a whole each company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff does where not only can he is with us our current it would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system and that those in power argue that the problem in european countries right now is that taxpayers want to have the bes
competitive edge if their country with low taxes and with high taxes capital flow went to countries that low tax in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business very hard to owns a whole each company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over...
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Feb 14, 2013
02/13
by
CNBC
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when you focus on the gas tax, it's a hidden tax. they have no idea how much is included in a gallon of gas. when they hear what it's supposed to be committed to, improving their infrastructure, their traffic congestion, improving roads and bridges, which are woefully behind a decade or more in their disrepair, the government takes that extra gas tax money and infrastructure money and diverts it into anything it wants to. the problem most americans have with government spending is simple, they don't believe what you promise to spend it on is where it ends up. when they hear $50 billion of infrastructure, they're going to -- >> they're going to go nuts. >> you just agreed with her but she just contradicted you. >> we're open-minded people. >> this is not a tax increase. this is let's spend the money -- >> it's a spending increase which americans don't like. >> it's a spending increase. i object to this because every year -- if you talk to the guys on the transportation committees, austan, as i have, they are for infrastructure improve
when you focus on the gas tax, it's a hidden tax. they have no idea how much is included in a gallon of gas. when they hear what it's supposed to be committed to, improving their infrastructure, their traffic congestion, improving roads and bridges, which are woefully behind a decade or more in their disrepair, the government takes that extra gas tax money and infrastructure money and diverts it into anything it wants to. the problem most americans have with government spending is simple, they...
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Feb 19, 2013
02/13
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FOXNEWS
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you saw in january, it's not just the rich that saw the taxes go up. 77% of americans saw the taxes go up and you never know. and close loopholes that affect the rich and without that no deal. and the republicans are saying, you've been, you know, sucking down the helium balloons. they're not going to have another round of tax hikes, a couple of weeks after they had a massive tax hike. >> well, i suspect that what will happen is that the sequester, the cuts, because of the growth of spending, will go into effect for a couple of weeks. and you will see these reductions and outlays and then the pressures mount on democrats who love the spending, they want to borrow more to tax more and spend more and they think that will grow down the economy. >> they're not going to use the money to spend down the debt. there's no way to pay down the debt because we're running a deficit. we're a trillion to the bad before we start getting to the good. so, the deal is that it will go into effect, and at the end of the month, comes up. continuing resolution, that operates the government for absence and
you saw in january, it's not just the rich that saw the taxes go up. 77% of americans saw the taxes go up and you never know. and close loopholes that affect the rich and without that no deal. and the republicans are saying, you've been, you know, sucking down the helium balloons. they're not going to have another round of tax hikes, a couple of weeks after they had a massive tax hike. >> well, i suspect that what will happen is that the sequester, the cuts, because of the growth of...
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Feb 20, 2013
02/13
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WUSA
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lower some other taxes. peggy fox is here to explain. and peggy, play ball. >> yes, it does. remember the governor proposed eliminating the gas tax. this new compromise does get rid of the tax for a smaller wholesale tax on gasoline. it makes a very confusing to figure out what that means to us. one website reader posted today that none of it made any sense and that three middle schoolers and a dog could have done better. >> entirely ditching the gasoline tax wasn't going to happen. virginia's is 17.5 cents per gallon. small compared to other states, but still appropriate. says fairfax county chairman, sharon. >> it is sort of a user fee. people who use the roads pay for those roads, pay for the maintenance of the roads. and in my mind, it was foolish to just eliminate that source of revenue. >> here's what lawmakers have worked out. they want to replace that per gallon gas tax with a 3.5% wholesale tax paid by distributors. those taxes will be passed on to consumers. one expert said it will work out to 11 c
lower some other taxes. peggy fox is here to explain. and peggy, play ball. >> yes, it does. remember the governor proposed eliminating the gas tax. this new compromise does get rid of the tax for a smaller wholesale tax on gasoline. it makes a very confusing to figure out what that means to us. one website reader posted today that none of it made any sense and that three middle schoolers and a dog could have done better. >> entirely ditching the gasoline tax wasn't going to happen....
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Feb 15, 2013
02/13
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FBC
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it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all of these type of big business and big finance caters to these types of clients in this region and i think, certainly, miami is a lot more than beaches and cruise ships, now, there's a great cultural revival, huge emphasis on contemporary art and philanthropy. so it offers a total life style choice for these type of giants. >> do you encourage the tax, i'm not going to call it tax avoidance, but minimizization angle of your business, do you? >> well, i'm just happy that business is doing well, you know? and so we'
it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all...